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1 month ago | 
financialpost.com | Nicolle Yapur |Oscar Medina
Now, strategists are recalibrating their bets for a cut at Monday’s meeting with concerns mounting over whether Guevara’s replacement will move to rein in spending ahead of an election year. The market had been expecting policymakers to resume its monetary easing cycle by reducing its benchmark interest rate to 9.25%. The central bank has lowered borrowing costs by 3.75 percentage points since December 2023.
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1 month ago | 
yahoo.com | Oscar Medina |Patricia Laya |Andreína Itriago
(Bloomberg) -- Colombia’s foreign minister still sees the US as a strategic partner under Donald Trump, saying she wants to reset diplomacy a month after President Gustavo Petro triggered a brief tariff war with a post on social media. Most Read from BloombergLaura Sarabia, who Petro tapped as his top diplomat the week before his blow-up with Trump, sought in an interview to mend fences with the Andean nation’s main trading partner and principal ally in the region.
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1 month ago | 
financialpost.com | Oscar Medina |Patricia Laya |Andreína Itriago
“We need to bet on diplomacy and on established channels, putting our historic relations on the table and not basing it on megaphone diplomacy,” Sarabia told Bloomberg News during a 45-minute conversation this week at her Bogota office. Colombia’s relationship with the US, she said, is one “built on trust and permanent dialog.” To that end, Sarabia said Trump’s homeland security chief is planning a visit this month to discuss drug trafficking and migration.
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2 months ago | 
ca.finance.yahoo.com | Oscar Medina |Patricia Laya
(Bloomberg) -- Colombia’s government was thrown into disarray after a televised cabinet meeting devolved into tearful recriminations and bickering, leading one minister to suggest they all quit.
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2 months ago | 
financialpost.com | Andrea Jaramillo |Oscar Medina
Ecopetrol SA shares plunged after Colombian President Gustavo Petro called on the oil producer to sell its operations in the US, citing his government’s position against fracking, which he says is destructive to nature and humanity. (Bloomberg) — Ecopetrol SA shares plunged after Colombian President Gustavo Petro called on the oil producer to sell its operations in the US, citing his government’s position against fracking, which he says is destructive to nature and humanity.
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2 months ago | 
news.bloomberglaw.com | Andrea Jaramillo |Oscar Medina
Ecopetrol SA shares plunged after Colombian President Gustavo Petro called on the oil producer to sell its operations in the US, citing his government’s position against fracking, which he says is destructive to nature and humanity. Shares of the majority state-owned Ecopetrol fell as much as 2.4% in Bogota trading. The company had announced this week it was extending a joint venture with Occidental Petroleum Corp. in the Permian Basin in the southwestern US through June 2026.
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2 months ago | 
news.bloomberglaw.com | Andrea Jaramillo |Oscar Medina
Colombian President Gustavo Petro called on state oil producer Ecopetrol SA to sell its operations in the US, citing his government’s position against fracking, which he says is destructive to nature and humanity. Majority state-owned Ecopetrol announced this week it was extending a joint venture with Occidental Petroleum Corp. in the Permian Basin in the southwestern US through June 2026.
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2 months ago | 
news.bloombergtax.com | Andrea Jaramillo |Oscar Medina
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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2 months ago | 
ca.finance.yahoo.com | Andrea Jaramillo |Oscar Medina
(Bloomberg) -- Colombian President Gustavo Petro called on state oil producer Ecopetrol SA to sell its operations in the US, citing his government’s position against fracking, which he says is destructive to nature and humanity. • New York’s First ‘Passive House’ School Is a Model of Downtown Density• When French Communists Went on a Brutalist Building BoomMajority state-owned Ecopetrol announced this week it was extending a joint venture with Occidental Petroleum Corp.
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2 months ago | 
yahoo.com | Patricia Laya |Oscar Medina
Patricia Laya and Oscar MedinaWed, February 5, 2025 at 1:00 AM UTC1 min read(Bloomberg) -- Colombia’s first-ever televised cabinet meeting descended into acrimony as President Gustavo Petro’s ministers traded barbs and aired personal grievances. Most Read from BloombergPetro arranged for the Tuesday evening gathering to be webcast to make Colombia’s democracy more transparent, and said that most such events would be broadcast in future.
